Observation

Reasons to use and not to use Paytm

paytm
  • As the country moves towards a cashless environment after demonetisation, the initial awe and confusion have given way to a flurry of concerns.
  • The ease of conducting financial transactions is probably the biggest motivator to go digital. You will no longer need to carry wads of cash, plastic cards, or even queue up for ATM
  • To use it for discount offers.
  • To use it for conveniences.
  • It will be very easy for people to keep track of their spending.
  • The written record will help you keep tabs on your spending and this will result in better budgeting.
  • It may not seem like much of an advantage, but being cashless makes it easy to ward off borrowers.
  • The biggest fear is the risk of identity theft.
  • Given the tedious process and poor grievance redressal, people will have no easy recourse.
  • If you lose phone you can’t do all the transaction work.
  • It is difficult for tech savy.
  • While there is no denying the convenience of card or mobile wallet transactions, it could open a spending trap for an unsuspecting population.

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